No longer want our timeshare

[Etam]

Hi. We inherited a timeshare from my parents and it’s been nice but we don’t use it enough and the fees go up every year. It is through RCI originally but Holiday Inn Vacations bought them out. So I am assuming I’m in the right place? I am not willing to pay $1200 to have them buy it back from me is there not another way to surrender it to them? It is long ago paid off but I’m tired of paying more and more each month. Or is there a way to find someone to quick deed it to?

 

[dioxide45]

Have you tried posting it in the Free Timeshares forum on TUG? Outside of finding a real person to take it, your only option is the deed back, and pay the fee, or default on the fees and let them foreclose. Why not try to find someone to take it for free first? Post it in Free Timeshares, join a few related Facebook Groups that let you post free timeshares. Perhaps this property has a group of its own you can try too.

 

[kanerf]

Please provide more details such as the resort, unit size, season and/or points assigned.

 

[Etam]

Have you tried posting it in the Free Timeshares forum on TUG? Outside of finding a real person to take it, your only option is the deed back, and pay the fee, or default on the fees and let them foreclose. Why not try to find someone to take it for free first? Post it in Free Timeshares, join a few related Facebook Groups that let you post free timeshares. Perhaps this property has a group of its own you can try too.

I haven’t yet. I wasn’t sure how to do it. I don’t really understand it all. What information would I need for posting to see if someone is interested and where would I find it on the deed information?

 

[TheTimeTraveler]

Hi. We inherited a timeshare from my parents and it’s been nice but we don’t use it enough and the fees go up every year. It is through RCI originally but Holiday Inn Vacations bought them out. So I am assuming I’m in the right place? I am not willing to pay $1200 to have them buy it back from me is there not another way to surrender it to them? It is long ago paid off but I’m tired of paying more and more each month. Or is there a way to find someone to quick deed it to?

Unloading a timeshare can be a timely process. That said, I would post it in the FREE TIMESHARE FORUM on TUG as @dioxide45 has suggested. Give it a month or two, and then take another step if you still have it ------ place it on eBay for a $1 starting bid and sell it to the highest bidder and be done with it.

DO NOT give it to anyone who claims they can get rid of it for you if you pay them an upfront fee. This is a 100% scam.



You will likely need someone to do the paperwork and officially transfer the title. Suggest using LTTransfers at their website below. They're very good!


www.LTTransfers.com



Best of luck!










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[Passepartout]

In the overall scheme of things, paying the $1200 to be released from the ownership is a pretty good deal. By the time you list it, find a buyer, then wait while it goes through closing- meanwhile the monthly payments continue, the set fee upfront could well be cheaper.

Jim

 

[easyrider]

I agree with Jim. $1200 spent to be rid of it now is better than messing around with trying to sell it unless it's a gem of a property. To give it away the mf , resort transfer cost and escrow cost is probably more than $1200. When we gave one of our timeshares away the costs added up to almost $1700 by the time everything was completed. The cost wasn't the biggest bummer which was dealing with some of the people.

Bill